Steinhardt On The Fed's Failure And The End Of Wall Street As We Know It

The low interest rate 'logic' is not working and "the economy can't gain any zest, can't gain any vigor" is how Michael Steinhardt describes the crushing of 'widows and orphans' that the Fed has embarked upon. In a Bloomberg TV interview, the WisdomTree chairman notes the broad 'pall' over the equity markets (conjuring images of a funereal procession down Trinity Street) pointing out that there is no reason to be wildly bullish here. Citing Wall Street's lack of 'spirit', he questions the entire raison d'etre of efficient capital transfer as becoming secondary as he rather poignantly asks who has benefited from Fed's policies "Certainly the banks. But ordinarily you'd say, well, low interest rates benefit housing. It certainly hasn't benefited housing." Reflecting on his performance as a hedge fund manager he concludes that extraordinary performance is sadly not necessary anymore as the money flowing into hedge funds means people do exceptionally well for themselves despite diminished performance. While finding equities broadly unappealing, and suggesting talk of QE3 should cease, he notes there are pockets he would invest in but ends by noting that "Bonds are no place to be".

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They have to wait for stocks to fall, to create a panic so that the Muppets think they need QE to liquidate finance, yet if stocks fall, it shows that the intervention really only has a half life and recovery is not sustainable, because artificial liquidity does not equal growth.

sure there is. the collapse has been engineered from the beginning. it is plan A. they are sitting on the next stage until the time is right... digital fiat, maybe a regional or world currency, with supranational central banks... they want to take the ponzi to a level where it can never be stopped.

I like that you are thinking like the enemy, problem is, the enemy are a bunch of idiots. No one wants fiat anyore; it has no intrinsic value - money is suppossed to be an asset, but fiat loses value steadily over time due to inflation, making it a liability. No one wants fiat and fiat has no value; these two facts combine to mean that fiat stands no chance at holding the system together. The Fiat Ponzi will fail, and the freams of the NWO with it.

The successor to the Non-Federal Reserve-less Non-Bank has already been crafted, and has been kept in the wings, ready to be wheeled out when the time is right (i.e. soon).

It will have a very patriotic sounding name, like The American National Monetary & Financial Policy Oversight Board, or something similar, and it will be marketed as an entity whose mission is to ensure zee price stability, prevent taxpayer losses & pursue the best interests of the American Citizenry as a whole, while doing the exact same things for the exact same global bosses that control things now.

Bombs and CIA dungeons for those rebels who keep physical gold/silver or for those countries who resist the new globalist hegemony (i.e. Russia, "rogue states" like DPRK, states that accept gold like Iran/Libya, etc).

^That is their Plan A.

Plan B? World War III stretching from central Africa through northern Africa into the Mideast and up through Iran into Central Asia. Proxy forces funded by U.S./U.K./Israel on one side versus Russia, Iran, aforementioned states that resists hegemony and MAYBE China (depending on how the political situation their develops).

Plan C? Detonate nukes in false flag terror attacks in the U.S. and Europe. Globalists retreat into bunkers while the rest of the world chokes to death on fallout.

The Jewish people are being used by the financiers of the West. Look at the Israeli populace. Last September there were 400,000+ person protests in Israel demanding social justice and, essentially, inflation control (in the protestors own words, an end to increasingly high prices, especially for housing). This despite the fact that the U.S. pours BILLIONS of dollars into the Israeli economy on an annual basis (keep in mind that Israel is a country of less than 8 million)

Western financiers built the first parasitical city-states in medieval coastal Italy. Then they moved on and created the parasitical city-state-within-a-state of the City of London. They used the City to transform Britain from the home of the Magna Carta, personal liberty and the scientific Enlightenment into a global parasitical empire that amassed enormous wealth by becoming a global tax authority, looting the Third World and imposing mercantilist limits on free overseas trade. Then they built Wall Street and transformed the U.S. in the same fashion. The U.S. was once one of the most "minarchist" nations on the planet, with strong protections for free enterprise and personal liberty, and a violent hatred of aristocracy and bureaucracy. In Wall Street's America, the rights of the domestic population are secondary (if not tertiary or worse). Domestic law in general is an afterthought. The federal government is now a shell corporation being used by a rotating cast of financiers to plunder the rest of the world.

Israel is a 20th century project in the same fashion. It was built by the same financier elites and their sponsors, the aristocratic families of Europe. Israel was built to be a giant military base (think Airstrip One). It exists so they can stake their claim to the petro-resources of the Mideast/Western Asia/Central Asia. It is a Forward Operating Base for Wall Street/the City of London. Once again, the interests of the domestic populace are an afterthought. Israel's ability to secure Wall St/CoL access to the region's resources is the primary purpose, which is why most of the billions in "aid" go into the military-industrial complex while the domestic Jewish population suffers.

That's where Jews don't understand. Money alone won't get you respect. but time and time again, Jews only go for money, then use money for power, they abuse it, then act like victims when masses uprise. When masses uprise, then people like you and I get the suffering because elites run away to another country.

All jews got is money and everyone learns sooner or later, you don't become super rich without skirting the law.

You mean Rothschilds who sent their kids abroad to expand their banking empire cares about other Jews' kids? These are sickos who lie, cheat, sell out their own kind for one thing only....money. They are USING zionism as a racist cause.

sounds like you haven't thought much at all.

Young Jews are waking up: Occupy Birthright Israel....Jewish 99% themselves are calling these programs racist after their experience. They are brainwashed into thinking how everyone else hates Jews so it is ok to hate, cheat, kill non-Jews.

but of course, zionazis can't use "anti-semitism" against their own young Jews, so they came up with "self-hating Jews" who are opposed to zionism.

But what about Israel herself? you can't call anti-zionist on Jews who are actually living in Israel....well 300,000 Israelis realized what zionism, banksterism, nationalism, and all that is about..... it is about making top 0.1% richer on the suffering of everyone else.

as the son of Holocaust survivors, felt about Israel’s operation in Gaza, Finkelstein stated:

I think Israel, as a number of commentators pointed out, is becoming an insane state. And we have to be honest about that. While the rest of the world wants peace, Europe wants peace, the US wants peace, but this state wants war, war and war. In the first week of the massacres, there were reports in the Israeli press that Israel did not want to put all its ground forces in Gaza because it was preparing attacks on Iran. Then there were reports it was planning attacks on Lebanon. It is a lunatic state.

"...there were reports in the Israeli press that Israel did not want to put all its ground forces in Gaza because it was preparing attacks on Iran."

lol...(because I have nothing better to do) whats your estimate of the "march of their ground forces" to get to Iran? You thinkin (like Finklestein apparently) Jordan or Syria or Iraq or Turkey or Saudi Arabia would just let them cruise right on through?

Yes, I see George Soros, one of the big advocators of worldwide governance and fiat is starting to ridicule those that point out its errs. These morons are losing on their life long goal. Must suck to have all the fiat in the world and still fail at what they wanted to do more than anything.

I am sending this to all my contacts that I am pretty sure are drawing a government retirement, or social security retirement…

please read and inform your congressman you DO NOT wantthis to pass…

For those receiving Social Security benefits or soon will be:

+++++++++++++++++++++++++++++++++++++++

ON JANUARY 1, 2013, THE US GOVERNMENT WILL BE REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS.

WONDER WHY? Subject: HR 4646

Be sure to read entire explanation

Watch for this AFTER November elections; remember this BEFORE you VOTE, in case you think Obama is looking out for your best interest.

A 1% tax on all bank transactions is what HR 4646 calls for.

Do you receive a paycheck, or a retirement check from Social Security or a pension fund and have it direct deposit??

Well guess what ... It looks as if government wants to tax it 1% !!!

This bill was put forth by Rep. Chaka Fattah (D-PA).

YES, that is 1% tax on all bank transactions - HR 4646, every time it goes in and every time money goes out.

Ask your congressperson to vote NO.

FORWARD THIS TO EVERYONE YOU KNOW!

1% tax on all bank transactions ~ HR 4646 - ANOTHER NEW OBAMA TAX SLIPPED IN WHILE WE WERE ASLEEP. Checked this on snopes, it's true! Check it out yourself ~ HR 4646. President Obama's finance team is recommending a one percent (1%) transaction fee (TAX). Obama's plan is to sneak it in after the November elections to keep it under the radar.

This is a 1% tax on all transactions at any financial institution - banks, credit unions, savings and loans, etc. Any deposit you make, or even a transfer within your own bank from one account to another, will have a 1% tax charged.

If your paycheck or your Social Security or whatever is direct deposit, it will get a 1% tax charged for the transaction.

If your paycheck is $1000, then you will pay Obama $10 just for the privilege of depositing your paycheck in your bank. Even if you hand carry your paycheck or any check in to your bank for a deposit, 1% tax will be charged.

You receive a $5,000 stock dividend from your broker, Obama takes $50 just to allow you to deposit that check in the bank.

If you take $1,000 cash to deposit at your bank, 1% tax will be charged.

Mind you, this is from the man who promised that, if you make under $250,000 per year, you will not see one penny of new tax.

Keep your eyes and ears open, you will be amazed at what you learn about this guy's under-the-table moves to increase the number of ways you are taxed.

Oh, and by the way, if you receive a refund from the IRS next year and you have it direct deposited or you walk in to deposit that check, you guessed it. You will pay a 1% charge of that money just for putting it in your bank.

Remember, any money, cash, check or whatever, no matter where it came from, you will pay a 1% fee if you put it in the bank.

Some will say, oh well, it's just 1%. Are you kidding me? It's a 1% tax increase across the board. Remember, once the tax is there, they can also raise it at will. And if anyone protests, they will just say, "Oh, that's not really a tax, it's a user fee"!

Think this is no big deal? Go back and look at the transactions you made from last year's banking statements. Then add the total of all those transactions and deduct 1%. Still think it's no big deal?

Au contraire, "if" the people finally have the gonads to stop this, the nightmare will end. The groundswell of folks finally understanding the BIG picture is growing. If these fucks keep pushing....the spring-back will be hell.

Those "fucks" have been looting the American people for 100 years now, no one has done anything to stop it, and there's no evidence anyone will do anything to stop it.

Most Americans feel powerless to change what the federal government is doing, and they're right.

The ONLY thing that would change the federal govt now is a military coup. Military seizing control of the govt, putting all the top people in military prison, dissolving the federal govt (to terminate all the treaties, laws, and contracts), then starting a new govt.